India’s growth period has not been able to create job opportunities and hence sometimes it is termed as jobless growth. According to a report of CII, 12 million are entering into work force annually. This figure reaches to 18-19 million if we count the people leaving the already saturated agriculture sector. But catch lies in number of job creation which is less than 0.2 million in the year 2015.
This widening can create demographic catastrophe in the near future. The cause of unemployment in India are as follows:
- Shortage of skills
- Labour intensive sectors are suffering from slow paced pvt. Investment particularly after demonetisation.
- Growing automation is another reason
- Lack of mass employment opportunities due to slower manufacturing sector.
- Unfavourable incentives that do not allow companies to grow and take advantage of cheap labour
Steps taken By India:
- Skill india mission
- National career service portal
- Pradhan Mantri Kaushal vikas yojana
- Start up India, Stand Up India, Mudra
- MGNREGA
Way forward:
- Structural reforms to labour, land and capital markets for sustainable growth
- Make teaching and academic curricula more employable driven
- Reforming archaic labor laws
- Infrastructure investment
Final Destination for Punjab PSC Notes and Tests, Exclusive coverage of PPSC Prelims and Mains Syllabus, Dedicated Staff and guidence for Punjab PSC PPSC Notes brings Prelims and Mains programs for PPSC Prelims and PPSC Mains Exam preparation. Various Programs initiated by PPSC Notes are as follows:-
- PPSC Mains Tests and Notes Program
- PPSC Prelims Exam 2024- Test Series and Notes Program
- PPSC Prelims and Mains Tests Series and Notes Program
- PPSC Detailed Complete Prelims Notes